Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term…
Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open — which…
Nifty Weekly Analysis Between the last expiry and today, Nifty50 has fallen only 99pts ~ 0.46%. Credits to the recovery today that made up 141 of the lost points. N50 also has managed to bounce off the channel top line indicating further signs of strength. 63mts chart link Nifty Today Analysis — Stance Neutral ➡️ Recap from…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today.“ 4mts chart link We got our first target of…
Nifty Analysis — Stance: Neutral ➡️ Recap from yesterday: “The last candle is looking quite deep and has almost negated the progress of 3 days. If it was not related to any news/event, the outcomes match quite strongly for an interim top-like formation.” 4mts chart link — click here The last 30mts action yesterday was not a blip, we…
We have compiled the last 3 months of work into an Amazon Kindle ebook with the title “60 Post-Mortems on Nifty & BankNifty Q3 FY23–24” — request you to take a look and provide suggestions. Nifty Analysis — Stance changed to Neutral ➡️ Recap from yesterday: “Nifty is still way above the ascending channel showing bullishness. As long as…
Nifty Analysis — Stance: Bullish ⬆️ Recap from yesterday: “Nifty is definitely on cloud 9, the newfound momentum is intact and almost all the sectorial indices are strong. What next? Is a big question. Just like a goods train, it is difficult to stop the bull run that fast. For tomorrow, I wish to continue my bullish…
Nifty Quarterly Analysis Nifty has gained 2263pts ~ 11.6% in the 3rd Quarter of FY2023–24. Almost on 9 particular days, we hit new all-time highs. 1D chart link — click here Nifty Monthly Analysis Surprisingly 70% of the gains for the Q3 came in the December series. We rose 8.21% ~ 1653pts. 8 out of the 9…
Nifty Analysis Recap from yesterday: “I am forced to change my stance from bearish to neutral as the price action now shows a higher tendency to go up rather than down. Those strong RED candles of 20th Dec still haunt me — but it has failed to gather the momentum of the other bears.” 4mts chart link — click…
